As one of Steinhoff’s largest shareholders and with access to the necessary funds for a potentially long-drawn out legal battle, the Public Investment Corporation (PIC) is well-placed to challenge the claims of confidentiality that keep the Steinhoff report under lock and key.

But perhaps SA's single-largest equity investor should first consider setting a precedent with an easier target, Tongaat. As one of the largest shareholders in this once-mighty sugar producer, the PIC would be the perfect party to challenge similar claims of confidentiality being made by the Tongaat board.

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